[Sixstrings]

$this->bbcode_second_pass_quote('nobodypanic', 't')his entire sector of the economy-shelter, housing, what have you-should be immediately placed under centralized planning and authority; it's too god damned important to be left to the free market idiots and their voodoo market forces.

allowing this to degenerate into tens of millions of homeless invalidates the very legitimacy of the government. let them eat cake, indeed.

[pablonite]

$this->bbcode_second_pass_quote('nobodypanic', 't')his entire sector of the economy-shelter, housing, what have you-should be immediately placed under centralized planning and authority; it's too god damned important to be left to the free market idiots and their voodoo market forces.

[hardtootell-2]

too bizarre!

How about this one in our new upside down economy?

http://www.nakedcapitalism.com/2009/07/ ... s-and.html

[emersonbiggins]

$this->bbcode_second_pass_quote('pablonite', '')$this->bbcode_second_pass_quote('nobodypanic', 't')his entire sector of the economy-shelter, housing, what have you-should be immediately placed under centralized planning and authority; it's too god damned important to be left to the free market idiots and their voodoo market forces.

[Maddog78]

$this->bbcode_second_pass_quote('frankthetank', 'A') person would be stupid not to join the madness... Quit the full time job, grab some farm work for cash, grab that government welfare check, oBama health care coverage. Spend free time buying craigslist hookers, and driving an old Z28 with bald tires...

[VMarcHart]

$this->bbcode_second_pass_quote('Sixstrings', 'C')an we actually afford such a massive welfare state?

[emersonbiggins]

$this->bbcode_second_pass_quote('VMarcHart', 'I')'m not totally opposed to the principle, for as long as you and I don't pay rent for someone to live in a McMansion he/she couldn't afford to begin with.

[hironegro]

thank you baby boomers!

[nobodypanic]

$this->bbcode_second_pass_quote('Sixstrings', ' ')
A McMansion for every comrade!

[emersonbiggins]

After moral hazard is gone, it's a short jaunt to 'kill or be killed'. Not a fun time to be living.

[seahorse2]

Way back when, I predicted that this time period would mark the beginning of the end of private homeownership in the United States, like the Great Depression marked the end of the private farm and the emerging of the big farming conglomerates.

Here are the quotes from back then:

$this->bbcode_second_pass_quote('', 'L')ook at what's happening with the GSEs now and recall this post:


$this->bbcode_second_pass_quote('', 'T')his time period in America will be the transition from "private home ownership" to renters. Just as the Great Depression destroyed the small American farmer, this time will be the destruction of individual home ownership. I predict that the majority of these properties will eventually be bought and owned by large institutions or families and rented. Private land ownership in the US will become more like the UK, where people can lease properties for up to 100 years.

[nobodypanic]

$this->bbcode_second_pass_quote('emersonbiggins', 'A')fter moral hazard food and shelter is gone, it's a short jaunt to 'kill or be killed'. Not a fun time to be living.

[emersonbiggins]

yes it does

[seahorse2]

Just as I predicted earlier in this thread, the Fed is taking over homes and will start renting them out. This period is more and more looking like the beginning of the end of private homeownership in the United States. We will very likely move to a more European model, where a large majority of homes are just long term leases, some as long as 100 years.

http://market-ticker.denninger.net/archives/1585-WHERE-ARE-THE-DAMN-HANDCUFFS-Fraudie.html

[Daniel_Plainview]

Karl Denninger deems this to be another scam, in a long line of government scams.

link

[Livewire713]

$this->bbcode_second_pass_quote('hironegro', 't')hank you baby boomers!